Bank of America Corp DE Has $577,000 Holdings in Delek US Holdings, Inc. (NYSE:DK)

Bank of America Corp DE reduced its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 72.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,186 shares of the oil and gas company’s stock after selling 81,366 shares during the quarter. Bank of America Corp DE’s holdings in Delek US were worth $577,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. KBC Group NV raised its stake in shares of Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 1,538 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Delek US by 5.1% in the 4th quarter. Empowered Funds LLC now owns 335,932 shares of the oil and gas company’s stock valued at $6,215,000 after buying an additional 16,345 shares in the last quarter. Equitable Trust Co. acquired a new position in shares of Delek US in the 4th quarter valued at $341,000. Summit Trail Advisors LLC acquired a new position in shares of Delek US in the 4th quarter valued at $565,000. Finally, Van ECK Associates Corp raised its stake in shares of Delek US by 17.8% in the 4th quarter. Van ECK Associates Corp now owns 14,111 shares of the oil and gas company’s stock valued at $261,000 after buying an additional 2,134 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of NYSE:DK opened at $19.62 on Wednesday. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $25.68. The firm has a market cap of $1.19 billion, a PE ratio of -4.04 and a beta of 0.96. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The business has a fifty day moving average of $15.60 and a 200-day moving average of $16.82.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s revenue was down 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.41) EPS. On average, equities research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Monday, May 12th. Delek US’s dividend payout ratio is currently -9.18%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DK. Mizuho raised shares of Delek US from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $22.00 to $23.00 in a research report on Tuesday, May 13th. Morgan Stanley increased their target price on Delek US from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Monday, May 19th. Scotiabank dropped their target price on Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. UBS Group dropped their price objective on Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group increased their price objective on Delek US from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.27.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.